The IRS reports millions of taxpayers have still not filed their U.S. Individual Income Tax Return for 2018 and possibly missing out on several hundred or thousands of dollars.
- The IRS reports millions of taxpayers have still not filed their U.S. Individual Income Tax Return for 2018 and are possibly missing out on several hundred or thousands of dollars.total nearly $1.5 billion for those who did not file in 2018, according to the agency.
“The IRS wants to help people who are due refunds but haven’t filed their 2018 tax returns yet,” said IRS Commissioner Chuck Rettig. “But people need to act quickly. By law, there’s only a three-year window to claim these refunds, which closes with this year’s April tax deadline. We want to help people get these refunds, but they need to file a 2018 tax return before this critical deadline.”
In cases where a federal income tax return was not filed, the law provides most taxpayers with a three-year window of opportunity to claim a tax refund, according to the IRS. If they do not file a tax return within three years, the money becomes the property of the U.S. Treasury. For 2018 tax returns, the window closes on April 18, 2022, for most taxpayers. Taxpayers living in Maine and Massachusetts have until April 19, 2022. The law requires taxpayers to properly address, mail and ensure the tax return is postmarked by that date.The IRS reminds taxpayers seeking a 2018 tax refund that their checks may be held if they have not filed tax returns for 2019 and 2020.
By failing to file a tax return, the agency said people stand to lose more than just their refund of taxes withheld or paid during 2018. Several low or moderate-income workers may be eligible for theFor 2018, the credit was worth as much as $6,431. The EITC helps individuals and families whose incomes are below certain thresholds, according to the IRS.
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IRS: $1.5B available in tax refunds from 2018, window closing for those to fileThe IRS reports millions of taxpayers have still not filed their U.S. Individual Income Tax Return for 2018 and are possibly missing out on several hundred or thousands of dollars.
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IRS: $1.5B available in tax refunds from 2018, window closing for those to fileThe IRS reports millions of taxpayers have still not filed their U.S. Individual Income Tax Return for 2018 and possibly missing out on several hundred or thousands of dollars.
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